18.03 MILLION TONNES
Indicated mineral resource of 18.03 million tonnes
0.41% CU & 1.87 G/T AG
Average grade of 0.41% Cu and 1.87 g/t Ag
Resource upgrade with additional drilling
Simplified environmental licensing
HIGH SALES PRICE
Attractive sale price (A$10,900 per tonne)
WHAT IS COPPER
SULPHATE USED FOR?
Copper sulphate is a copper salt that has an extensive range of uses in a number of industries. Global copper sulphate consumption in 2019 was just over 296,000 tonnes per annum. This is projected to grow to over 377,000 tonnes per annum in 2024.
Aguia will be targeting the agriculture sector which is by far the largest segment in the copper sulphate market accounting for 79% of consumption in 2019. Copper sulphate’s primary use in agriculture is in fungicides but it is also used for treating copper deficient soils and for animal nutrition.
Source: Global Copper Sulphate Market 2020-2024 – Technavio
MINERAL RESOURCE ESTIMATE AS AT 1 FEBRUARY 2021
Aguia Resources Limited – Andrade Deposit